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Mar 7, 2013 5:00pm EST
presidents, because if they do, they will have committed an act of murder. noncombatants under the law of war are protected, not subject to being killed randomly. so to suggest that the president won't answer that question somehow legitimizes that the drone program is going to result in being used against anybody in this room having a cup of coffee, to me, cheapens the debate and is something not worthy of -- mr. mccain: could i ask my colleague a question, especially on that subject? a lot of our friends, particularly senator paul and others, pride themselves on their strict adherence to the constitution and the decisions of the supreme court. isn't it true that as a result of an attack on long island during world war ii that an american citizen, among others, was captured and hung on american soil? and the united states supreme court upheld that execution because that individual was an enemy combatant? is that established without a doubt? the fact that these are enemy combatants, and no matter where they are, they are subject to the -- to the form of justice as the terrorist in world war ii
FOX Business
Mar 8, 2013 7:00pm EST
soil. this after capturing an al-qaeda spokesman and the son-in-law of usama bin laden overseas and then bringing him to new york city to face trial. within steps of the 9/11 memorial. fox news correspondent doug mckelway has our report. >> reporter: the not guilty plea in federal court this morning to one count of conspiracy to kill americans sets the stage for a high profile terrorist trial just blocks from ground zero. it reignites intense republican criticism of the obama administration for trying terrorism suspects in civilian courts where miranda rights apply. >> if this man right next to usama bin laden involved in the attacks on our country on 9/11, don't you think it would be important that we not tell him that he has the right to remain silent? >> reporter: ayotte along with senators mccain and graham today again condemned the decision in a statement that said, quote: >> r eporter: a family member of a 9/11 victim also weighed in. >> my concern is a guy like this comes to a civilian court, he's put away. hopefully, he would be convicted, but it wouldn't, it's not -- it
FOX Business
Mar 5, 2013 7:00pm EST
want to avoid another terrible situation like sandy hook. we have to enforce the laws that we have. a few more laws, okay. but they are not going to solve the problem. we must enforce the ones that we have. lou: we must talk another time about that assault weapons ban. mayer, it is so great to have you here. always good to see you. venezuelan president hugo chavez died today after a two-year battle with cancer. the vice president making the announcement just hours after they expelled two u.s. diplomats in the country. his cancer was caused, he said, by power play. he gradually placed all state institutions, including the oil industry under his direct control. he frequently railed against the united states in an effort to promote a leftist recycle across latin america as well as his own country. hugo chavez, 58 years old. lou: no more drama obama. has the president proved his professional standing with the author of the best-selling book the amateur? ed klein is coming up next. and the dow jones at a new record high. u.s. economist stephen whiting on where the market is headed. than
Mar 7, 2013 11:00am PST
on the issues. the u.s. government cannot randomly target citizens. what it can do under the laws of war is target enemy combatant anywhere at any time including on u.s. soil. >> they are wrong on this issue. the problem is if i call you an enemy combatant, how do we know if you are or aren't. that's me calling and accusing you of a crime should there be enough power by any politician, republican or democrat to say you are an enemy combatant and maybe a missile will drop on your house. i believe that is unjust and unconstitutional that if you are an american, people can't accuse you and call you a name. they are assuming that the person calling your name is on a mission and knows you are guilty of that. the way i see it is we have a lot of arab americans that live in deer born, michigan. the vast majority are good american people. say they have a cousin and e-mail them. say somebody thinks their cousin is a terrorist. for goodness sakes, would you drop bombs on people and say we are associated with terrorism and he's an enemy combatant. that's a lot different than someone with a grenade
Mar 8, 2013 4:00am PST
of livermore. no incidences for the nimitz. >> in world news. osama bin laden's son-in- law, who is also known as an al qaeda spokesman, has been captured and brought to the united states. today he will appear in court on federal conspiracy charges. ed payne has the story. osama bin laden's son-in- law has been captured and is in the united states. sulaiman abu ghaith is being held in new york -- he is expected to appear in court friday to face federal charges. u-s congressman spokesman says abu ghaith was captured within the past week in jordan the treasury department describes abu ghaith as "the official spokesman of al qaeda" since the nine- eleven attacks. some say they should be using a guantanamo bay facility. to gather information, some people want justice. >> there has been no justice for the families. these people take politics with the trials of these men. >> north korea is keeping up the rhetoric. they now say they're canceling a hotline and a nonaggression pact with rival south korea. north korea's arm for dealing with cross-border affairs with seoul, says it will r
Mar 8, 2013 2:00am PST
's it for us. thanks for watching. "early start" begins now. >>> caught. osama bin laden's son-in-law, an al qaeda mouthpiece, now in u.s. custody. you will not believe where he was hiding. >> the dow's history-making winning streak continues as the focus flips to jobs now in the key report. is your situation getting any better. >>> sloshing your way to work. a windy, snowy, disgusting mess hanging over the northeast right now. this is the winter storm that will not go away. >> sell it, berman. >>> it's not a right to bear arms. it is a requirement. the town that wants everyone to own a gun. good morning. welcome to "early start." thanks for being with us. i'm zoraida sambolin. >> and i'm john berman. it is friday, march 8th. 5:00 a.m. in the east. we'll start with a major very many in had the war on terror. sending shockwaves from manhattan to capitol hill to the middle east. osama bin laden's son-in-law captured and in u.s. custody and in just hours, abu ghaith will be in new york. more on how we caught him and the controversy surrounding this court appearance. susan candiotti is here. >>
FOX Business
Mar 5, 2013 9:00pm EST
ways and means oversight committee, part of the committee for writing tax laws. we have douglas holtz he didn't with us. regarding how the middle class will be treated with obamacare, it turns out the promises are not true. >> i think that is unmistakable. obamacare has a lot of tax in it. this is $800 billion in taxes and when you hear that that is kind of a number, you wonder who will foot the bill. a lot of these will turn out to be higher insurance premiums, some of them will be taxes directly on the policy. a lot of them are going to harm economic growth. in the end, we know how many workers are out there and we know how poor the income growth has been. gerri: even now, people don't really understand what we are going to be on the hook for. health insurance premiums taxes, which you've just mentied, medical device taxes, it is quick to be devastating to companies. people are going to lose jobs and employer individual insurance is going to rising costs as well. we were promised that it wasn't going to raise the deficit. but will it? >> i don't see others how there's any way that t
Mar 5, 2013 1:00pm PST
to residency. for him, jeb bush argues this isn't about the particular but to get it signed into law. >> so do you think there's a significant difference between marco rubio who clearly is on board for a path way to citizenship? >> there is a difference in terms of the proposal that jeb bush makes but i think ultimately if jeb bush were in the senate or were the president, i don't think it would matter. i think he's showing that he's flexible. some might call it a flip-flop and as far as jeb bush is concerned, we need to do something, something needs to be accomplished. he doesn't seem to be bothered by the criticism. his position is, look, the system we have right now does not work. whatever we come forward and propose as a solution is better than the unworkable reality of today. >> we'll have more during the 6:00 p.m. hour including the possibility, he's leaving it open, that he may run for presidency in 2016. is there a third bush potentially in the run for president? we'll talk about that. thank you, jake. >> thank you, wolf. >>> two states have legalized drug use. washington needs to crac
Mar 8, 2013 6:00am PST
to san jose. law enforcement, firefighters and other emergency responders participated in the board a 3 mi. long ride which ended at h.p. pavilion where the memorial service was tail. you can watch the entire federal service online at . coming up later in the newscasts' former defense secretary leon panetta will be speaking at a memorial and how he is blaming the military for the death of the two santa cruz officers. >> we will be right back. >> welcome back. we are keeping an eye on wall street this morning. the dow, nasdaq and s&p are all up on good news in the job market. >> u.s. employers added 236,000 jobs to their payrolls last month. and the unemployment rate was pushed down to 7.7% from 7.9% in january. that is the lowest in four years. the dow, s&p, and nasdaq are all treading positive this morning. >> the time is 6:09 a.m.. a man who had been reported missing was found stabbed to death in his san jose apartment. a family member identified the body and 69 year-old stanley jacobson. jacobsen, who suffered from dementia went missing in early february. police say, that a
Mar 4, 2013 4:00am EST
come into law as soon as next year. carolin roth is in zurich. are the swiss shooting themselves in the head here? >> well, that's hard to say. a lot of people say it could impact switzerland's competitiveness negatively, though other experts have told me this morning that the fundamental res still in place because switzerland has a very low corporate tax rate, still has the right business environment. now, also, we're going to have to wait and see. to what extent these strict pay laws are actually going to be xwlekted because some people say they could be watered down quite significantly. but what it does ensure, of course, is this, you know, lower extent of short-termism in the swiss labor market. so it ensures that no corporate executive from overseas is coming to switzerland just to get that big signing bonus. but i just want to show you what the reaction has been in the newspapers. the french daily says this is a triumph. and you see his corner office as being smashed here. now, another paper says this is the historic coop. of course, they're referencing to the person who is
Mar 6, 2013 1:00pm EST
. we're going back to you at hq. >> thank you. attorney general eric holder, top law enforcement making a statement that has us scratching our head. eamon javers, live in washington. eamon? >> a surprise question with eric holder on whether some banks are what they call too big to jail. whether the size of financial institutions inhibits department of justice from going after them for fear of economic consequences. take a look what they said just in the hour. >> i'm concerned about the size of some of the institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy perhaps even the world economy. >> now, holder went on to tell senate judiciary committee that the size inhibit them to what they call resolutions. tyler and sue, i can tell you that there are senators on capitol hill, including chuck grassley, who are very upset by that. they say it is not the department of justice's job to take on economic conditions. t
FOX Business
Mar 6, 2013 11:00am EST
cyber crime laws. their efforts to boost security inside the government. dagen: putting a wet blanket over our nation's capital. connell: time for stocks now. good morning, nicole. nicole: good morning. what a day on wall street. obviously, another exciting day for the bulls out there. you are seeing so many stocks in the green. the bank stocks doing very well. the tech heavy nasdaq is pulling back as well. the nasdaq had been down for four days. when i think of hess, i think of names like google. obviously, not a bad day for the bulls. packing onto yesterdays gains. dagen: thank you. connell: the question after the record close for the dow is how long will this rally last. dagen: we are joined by charles payne and elizabeth macdonald. charles is on every day, you, elizabeth, are not. elizabeth, what do you say? liz: this market is retracing the exact same pattern it did in 2011, 2012. he is saying, you know, watch the members of the dow. the fact that aig, citigroup, gm are no longer in the dow really matter to him. private margins will not hit the peak levels they sell in 2011 and 2
Mar 6, 2013 7:00am PST
over the hill into san jose and that's where local law enforcement agencies will join the motorcade. our live coverage will begin at 11:00 a.m. at the request of the families. former "american idol" finalist james durbin will be performing one song at the service to honor the officers. we just saw that on the santa cruz police blog website. we do have a call in to the police spokesperson to ask about any more final details. if we hear from them, we'll bring it to you in another update coming up next hour. janine de la vega, ktvu channel 2 news. >> all right. >>> ktvu's coverage of the memorial begins during our morning news at 4:30. it will continue at 11:00 a.m. as the funeral precision makes its way from santa cruz to san jose. the service is scheduled to begin at noon. >>> in the meantime we're learning new details about the man who shot and killed the two santa cruz police officers lost week. investigators say 35-year-old jeremy goulet was moving out of his house when the detectives arrived at his door. goulet had just lost his job at a coffee shop and was getting rid of his bel
Mar 5, 2013 6:00am PST
and superintendent with permission from the state board and state superintendent to ask for a waiver from state laws for innovative programs. we called it an innovation law or the flex law. its passed both chambers. and went to conference committee and at the conference committee level, a nine page bill became a 28 page bill and it still had the flex components, but then this whole new concept of a tuition tax credit program was added. >> i've heard you call this an anti-public education bill. but as i understand it and please correct me if i'm wrong, it's not just to send them to another private school. they could send them to another successful public school district, could they not? >> that is an option. i don't think i've used that term. i think that that is one of the criticisms of the bill. and let me tell you, we in the education community understand that we need to address the problem of low performing schools. and there were several other bills pending that would have addressed that. so we have problems with how this legislation was enacted, buts also we're not sure it's going to produce th
Mar 4, 2013 3:00pm EST
will only function efficiently if participants believe laws will be enforced consistently and violators will be punished to the fullest extent of the law. there should not be one set of laws that apply to wall street and then for the rest of us. here's what the department of justice said. no corporate entity no matter how large is immune from prosecution. but also said prosecutors must determine whether there would be disproportion gnat harm to investors wsh pension holder, customers, employees and others who were not culpable. they did not like the response they got there. they called irt evasive. and said the department of justice didn't respond to a series of questions the senators asked about how often they've actually deferred prosecutions based on concerns about economic impact. >> thank you so much. reaction now from republican senator david vitter. >> yeah. he's been working with democratic senator sherrod brown on a bill to make sure the taxpayers never have to bail out the big banks again. that too big to fail issue. we'll get to that in a moment. first you just heard eamon's
FOX Business
Mar 7, 2013 3:00pm EST
named topics that have been out there, whether it's investor money coming in or whether it's laws coming out of washington, those headlines have been hot. so i think investors have kind of sled to that sector there especially how easy it is to get baskets of stocks in those sectors through the individual etf. liz: yeah, it's so interesting to watch as we start to at least find a firmer footing when it comes to the economy and see what that really does. thank you very much, gentlemen. good to see you all. any time on the floor show, you are always welcome. if the markets look better, most likely your 401(k)s, your portfolios look better, so will you all still be hitting the big box discount stores? costco came out with some information saying its february same-store sales rose 6%. the street had them looking for an increase of just under 5%. but battling it tooth and nail, wal-mart. wal-mart did cite weakness in february when it posted fourth quarter results. so if you had to pick one of the two to own, should it be costco which right now is moving slightly lower on the tape? it's time fo
Mar 5, 2013 5:00am PST
of the area. three people on board eventually arrested after a standoff with the coast guard and other law enforcement agencies. this is the next chapter. it's being towed here to richmond and here with me this morning is tim parker. good morning. you are with parker diving services. tell us how did you get this boat out? >> what we did is we rigged a bridle on the boat and brought in a tow and hooked them up and did a gentle pull on it, took about four hours of pulling and it gently came off. we were actually expecting it to take longer to get it off. we weren't expecting it to come off until around 3:00 and it came off at 12:54. >> the three people on this boat, they were just rocking it back and forth, back and forth trying to get it out of the sand. one thing we heard was the keel was stuck. how does that look and is there damage to the boat? >> we don't know. nobody was going to try to dive it when it was pounding around in the surf. we'll find out when they hoist it out here at the shipyard how badly the keel might be damaged. we do know the rutter is spent and i suspect the propelle
Mar 5, 2013 5:30pm PST
to continue at the same levels, yes sequestration is still the law of the land but we're not going to rely on these broad -- they call them meat ax cuts. troop levels get this much funding, border security gets this much funding, democrats want to say we're going to put money into head start. we're going to put some money into education programs or transportation. grabbing their authority back from what they see as the broad cuts of sequestration. >> suarez: people may be sitting at home listening to what you just said and think "i've seen this movie before." there's just over three weeks until the sand runs through the hour glass and the republicans in the house and the democrats and the senate look like they're going to come up with different versions of that continuing resolution. then what? >> it's a game of ping-pong is what we call it on capitol hill. the old idea of the house passes a version, the senate passes a version, they gate conversation committee together and work it out. that's dead for now. there's no capacity for a conference. what's going to happen is the house is going
Mar 6, 2013 2:00am PST
that promote democratic principles, the rule of law and respect for human rights, it said. any fresh start won't be helped by the expulsion of two u.s. diplomats in the hours before chavez died. accused of plotting against the government a charge immediately jeekt rejected by the united states. but president obama didn't rise to that provocation. he joined other world leaders in offering his condolences and even said he would like to build a more constructive relationship with venezuela in the future. >> all right. our thanks to you. as everyone knows, chavez certainly had his critics especially in miami. an editorial reads as a national leader, he was an abject failure. many there cheered when they heard chavez had died, but some say they were cheering for venezuela's fresh start. >> it's important to say i'm not happy because chavez died. i'm happy because my country can be free. >> it represents a burden off our back really. i'm not happy he died, but i'm just happy he's out of presidency. >> chavez sought medical treatment in cuba and took on pi dell castro as his mentor. many there consid
Mar 7, 2013 2:00am PST
here. president obama will sign the violence against women act into law today after months of negotiations. >> that's great. >> the republican-run house finally signed off on the ball. this is a-- vice president joe biden will be there. >>> mitt romney has landed on his feet. was he ever off of them? i guess when you lose a presidential election. he's returning now to the private sector. romney is joining his oldest son at his investment firm. he'll reportedly work with the firm for one week a month advising on matters of private equity. >> mitt romney knows something about private equity. >> maybe a little something. >> the family of reeva steenkamp now breaking their silence for the first time since the so-called blade runner was released on bail. >> i would like to be face to face with him. >> we'll have more on this murder case in a cnn exclusive, coming up next. eight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help mi
FOX Business
Mar 4, 2013 1:00pm EST
. we have a problem of spending. the fact that we can produce a budget, which is required by law. the sequestration and continuing resolutions are all self-inflicted wounds. melissa: can you imagine a major corporation in america that did not have a financial plan? it is amazing. all those shareholders would go away. thank you for coming on. we appreciate it. lori: this is your still. melissa: whether or not the wealthiest should pay even more taxes. lori: it is a great conversation. i was not expecting that. it is good to be google. shares of the tech giant searching for higher ground. melissa: states raffling with big decisions. lori: let take a look at metals. no real reaction. virtually unchanged. back after this. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with, it's easy to search hundreds of cards and apply online. lori: quarter after. it is time for another edition of market now. sandra smith on the floor
FOX Business
Mar 8, 2013 1:00pm EST
in this evening as interim president. osama bin laden's son-in-law was bin laden's spokesperson. he was caught in jordan eight days ago. he was brought to the u.s. those are your headlines. let's get you back down to tracy and ashley. ashley: thank you so much. there is a new sheriff in town. his name is scott pruitt. oklahoma attorney general is attacking some of the biggest issues in business. one of the first to challenge president obama's affordable care act. now he is arguing the constitutionality of dodd-frank reform. he is joining us now. thank you so much for joining us. why do you say that dodd-frank is unconstitutional? >> well, actually, there are multiple parts. there is a challenge to title i, title ii and title x. the states are only focused on title ii. title ii is that liquidation authority that is granted to the secretary. if they select a surgeon institution to liquidate, there is only a 24 hours notice for a federal judge to intervene and stop that. what is even more egregious is the states that have invested in some of those institutions do not ever received notice. it is a
Mar 4, 2013 7:00am PST
as this week. law requires a 30 day notice. more effects of the sequester when i see you next. reporting live, ktvu channel 2 news. >>> happening right now. president obama is nominating sylvia matthews birdwell as his new budget director. we're looking at the live pictures now. you see the podium and crowd gathered waiting for the announcement. burrwell served during the clinton administration and right now she runs the wal-mart foundation. this is burr wellhead. her supports say she was responsibility for a series of budget plans that throat surplus. also saithe o she -- she say she bring diversity to the cabinet. >>> it is 7:18. the chair of san francisco's republican party has been elected the first female vice chair of the states gop. party members cast their ballots over the weekend. at the state gop's spring convention in sacramento. it'll be to the muslim region. it accused her of sympathize. not a muslim. party leads have denounced remark. a big name california republican may be getting ready to run for governor. tells the chronical he is seriously considering running against now he
Mar 5, 2013 7:00am PST
pretty much the budget cuts the one area not going to be cut is law maker's salary; right? >> this is interesting. they can't be cut. and you can blame that on the constitution of the united states. you can blame it on speaker john boehner. when he was a freshman and came to congress, one of the things he took up was to breath a life into an old amendment unveiled by james madison. supposed to be part of the bill of rights and you cannot change the pay until the next intervening election. that was put on in the 27th amendment recently. you cannot add or subtract from a member's salary except after the next election. these cuts should impact house members and senators. sorry, it's against the constitution. >> i know this was originally created to be really something the republicans would not want to do. and they are saying 50% of these cuts are coming from the military budget. is that ue? >> that is true, yeah. $42.5 billion from the military. $42.5 from the domestic side. in the end, there's a lot of republicans who simply want to cut the budget and they see this as their
Mar 4, 2013 4:00pm EST
it remains to be seen whether these laws will be implemented or whether they'll be watered down. back over to you. >> all right. thank you. so will capping compensation put companies at a disadvantage to their global counterparts? what happens and does it have an impact on the markets in the u.s.? tom coran thinks capping pay is absurd and anti-competitive. andrew stoldman says it's a great idea and we should do it here in the united states. good to talk with you, gentlemen. tom, why not rein in compensation for executives? we know a lot of people talk about them, attack the banking sector because of it. why are you against this? >> well, it's not a question of whether the pay is outsized. particularly as compared to mine. but the question is whether they are delivering value to the companies. and the best and the brightest do deliver value. they deliver value to the shareholders ultimately. and i think ultimately what you'll see is a talent drain. i think switzerland which benefits from companies moving there are going to see people moving elsewhere. i think you're going to see the shareh
FOX News
Mar 6, 2013 1:00pm PST
cuss might have you waiting for your tax refund. uncle sam not waiting a nano second cash nor new law. all rise because we have a very very angry judge in the house judge andrew napolitano. so much to get into you with including what's happening on the floor of the senate right now. first, on this and sequestration i guess run them up? >> the president said for months that these cuts were across the board, that he had no discretion. we now know that there is discretion because we have seen emails from the department of agriculture in which a mid level manager said i have got make sure that the meat inspections work and his boss says oh, no, no. you are going to cut consistent with the president's message. my goodness are they spending our money in our name rather to hurt us in order to make the government work? if that's the case it's impeachable offense because it's the opposite of what he was elected to do. he was elected to make the government work not to use the government to hurt us. >> neil: under lings they think they have broad parameters what can be cut. that's a message not
FOX Business
Mar 3, 2013 9:00am EST
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Mar 4, 2013 4:00am PST
. on the table for cuts: military & national security, healthcare, education, and law enforcement. also: disaster relief, unemployment benefits, non-profits, and scientific research the faa could decide this week whether to accept boeing's fix for its troubled 787s. dreamliner jets have been stuck on the ground since january 16th following a fire aboard a parked 787 in boston and a smoking battery that forced a landing in japan. boeing's proposal is to rework the lithium ion batteries to stop the sparking. meanwhile, boeing is cutting hundreds of contracted jobs at its dreamliner plant in south carolina this year. the company claims it has nothing to do with the dreamliner nightmare. a decision is expected this week in the johnson & johnson hip implant case. loren kransky accused johnson & johnson of metal poisoning from a hip implant he received in 2007. his attorneys wants $5 million for pain and suffering and up to $179 million in punitive damages from the company. they claim j&j knew the hip was defective. j&j denies it and says his injuries existed before surgery. detroit is in a finanicial
Mar 6, 2013 5:00am PST
was shot and killed by law enforcement a short time later. ocean street. then the caskets will be taken to the hp pavilion in san jose for tomorrow's memorial service. two venues in santa cruz will show the funeral live on big screens. stores open at kaiser permanente. the del mar will have a viewing. we'll have coverage at noon on nbc bay area. as well as a streaming live feed on the website at nbc bay area. police and fire are expected to attend. other agencies will cover the duties while they are away at the service. there will be a long funeral procession. >> talking about the huge procession and funeral service. many people want to pay respects. the journey from santa cruz will be an issue. it will be a slow procession. it starts with street closures by the boardwalk and continues with surface street closures at 8:45 a.m. they will get the procession going. continuing up highway 17 all a the way up over the summit through los gatos to highway 87. they will go east along the roadway up north toward highway 87 taking them to downtown san jose. roughly 40 miles. if they are traveling
Mar 5, 2013 2:00am PST
is elected pope, he governs by law. we all do, not by whim or desire on our part. we're governed by law if all particulars. the clutch is not a tyranny. so he obviously has to accept the universal code of the church now which is zero tolerance for anyone who has ever abused a minor child. >> that is chicago's archbishop cardinal george. the cardinals are meeting again this morning and we're waiting to see whether we're going to find out today when the conclave will start. cnn analyst and correspondent for the national catholic reporter is in rome. he's joining us this morningment so these are preconclave meetings. do we know what is being discussed in these meetings. >> reporter: hi. well, what we know, we know in general what the topic here is. in general, the topic includes a kind of state of the church conversation. what are the issues they're facing? and also what qualities does the next pope need to have and ultimately, of course, who is that guy going to be? in the meantime, there is one other bit of business which is they have to set a date for this conclave. we do not expect the
Mar 6, 2013 4:00am PST
democratic principles, the rule of law, and respect for human rights, it said. any fresh start won't be helped by the expulsion of two u.s. diplomats in the hours before chavez died. accused of plotting against the government, a charge immediately rejected by the united states. now, president barack obama did not rise to that provocation. instead he said he'd like to build a new relationship with venezuela, soledad. >> shasta darlington for us this morning. thank you, shasta. >>> one of the most contentious issues on capitol hill is illegal immigration. up next, we'll tell you how jeb bush angered both sides of the aisle talking about the pathway to citizenship. that story is up next. we're back in a moment. [ female announcer ] born from the sweet monk fruit, something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. new nectresse. new griddle-melts to yourime usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! h
FOX Business
Mar 5, 2013 11:00am EST
the state to nullify those laws. those are your headlines. dagen, back to you. dagen: thank you very much. the queen of home goods took the stand today in the macy's versus jcpenney battle against her brand. we are talking about martha stewart. last week, macy's ceo testified that he hung up on martha stewart when she waited until the day before to let him know about it. the judge in this case signaled that he may block the rollout of products. you can check on the stocks of martha stuart, pennies and macy's. it is worth noting, arthur is on the stand today. she did not testify in her own defense. connell: maybe she should have. now, here she is. we will get back to the markets in a moment. the president's approval rating dropping to its lowest level since the election. dagen: the money spent on prescription drugs down last year. we will tell you why. here are some of today's winners on the s&p 500. ♪ dagen: before the day is over with, i am going to get a yee haw from connell. we had an all-time high today. connell: let's go back to nicole petallides at the stock exchange. you remember
FOX Business
Mar 5, 2013 1:00pm EST
, but it seems it is the only kind of reduction that the president lives with because he has to. it is the law. rich: if the house passes this this week, it is up to the senate. there are some democrats in the senate who want to do that for some other government agencies. the general consensus is it will get done before march 27. back to you. lori: hank you for that, rich edson. melissa: charles payne coming up. whether we will go even higher or any lower. lori: you are seeing a little bit of strength in the metals market. we are back after this. ♪ dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throhput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? >> meet bill and melissa. like many, they built their financial house on stocks, bonds, and insurance... and then saw it blow a
FOX Business
Mar 7, 2013 11:00am EST
business dream a reality. at we put the law on your side. cheryl: bottom of the hour. that's every 15 minutes. the culprrt back on the floor of the stock exchange. 25,000 hits on the fox business network. i do not know how you do it. nicole: let's take a look at jcpenney. up 2.5%. laying off 1500 store level managers. of course we know that jcpenney has been under significant pressure. ron johnson came over from apple. he was hoping to turn around the company. they have been fighting with macy's. trying to get some martha stewart products in their. they continue to struggle. a big loser year to date. it is down almost 65%. jcpenney is obviously one that is under pressure. we will continue to follow it. thank you again for the recognition. i appreciate it. we work hard altogether. cheryl: congratulations. see you soon. dennis: everyone is in on it and hackers have attacked it. we are talking about the cyber threat to social media. how vulnerable are we? joining us now is jon iadonisi. it is not everyday that i interview a guy that can kill with his bare hands. first question
FOX Business
Mar 7, 2013 1:00pm EST
's son-in-law in jordan and brought him to new york. peter king i: they captured significant victory for the u.s. against al qaeda. he was a spokesman for al qaeda and a part of the 9/11 plot against america. susan rice says north korea will achieve nothing. following to launch a nuclear attack against the u.s. hours before the u.n. security council voted unanimously to oppose sanctions against north korea. and the last of the 115 cardinal electors that will vote for the next pontiff. after four days of meetings they have not set a date for the conclave to elect a new pope. those are your headlines, back now to lori and dennis. lori: thank you so much, we appreciate the update. according to members of congress, the president sitting down to lunch with the top leaders, republicans paul ryan and others. scheduling meetings with house republicans on wednesday, this after the president posted a dozen senators for a dinner at an exclusive d.c. restaurant last night and from what i understand picked up the tab. all this in hopes of reuniting talks i brought a budget deal. will it work? tim
FOX Business
Mar 7, 2013 4:00pm EST
now operate under the current law, et cetera, can withstand adverse economic circumstances. so i think that is very, very important. i think, incidentally they're well administered under the oversight of one of the federal reserve governors, governor dan turillo. that is very necessary under the current structure. what i and my colleagues at the dallas fed have advocated however is changing the rules that really deal with banks that are too big to fail because dodd-frank, its preamble and its purpose is to deal with too big to fail, we don't believe it solves the problem. we have a dozen banks in the country that have --. david: i think it is important what you just said, that point. even though the preamble about dodd-frank says it is about too big to fail it fails to deal with too big to fail? >> it fails to deal with too big to fail, that's a pretty good term. if you take the top dozen banks in the united states i consider too big to fail, they're operating at cost to funding advantage and other advantages than the 5500 community banks in this country and 70 or so regional banks bec
Mar 9, 2013 5:30am PST
's law. every time i'm like, i'm going on all board with the european model, the american model is right. that's what we do as meteorologists, give and take with the models, and try and nail it down by the time of the storm. this storm, maybe not. >> maybe not. thanks. >> do you know what i -- i do a 50/50. i go 50/50. i like models in europe and the states. i flupip a coin -- >> that's why dylan does what she does. >> carl? >> thanks. >>> if are you famous and in trouble, lani davis is the guy you keep on speed dial. the crisis manager helped guide high-profile figures like martha stewart, bill clinton, and charlie rangel through public scandal. now he's out with a book called "crisis tales," about how to handle upheavals in your life. lanny davis, great to have you here. >> thank you. >> you saved some people out of some pretty tough holes. how did you get into that line of business? >> good question. i went to law school with someone named hillary rodham. and the the clintons after the election needed someone to speak to the public, and speak out on charges that were meritless. i lear
FOX Business
Mar 6, 2013 6:00pm EST
emerson says, what you are is we are the law, deal with it. >> there is an attitude we can do this because we are right. there is the rule block in this country. >> they won that 5347 and they act like they blew it out in the super bowl. if the longhorns beat oklahoma by 53 to 47, that really is not a blowout. so what ever this parameter is absolutely. gerri: i think this last run of headlines it has been a problem. >> we know that some of the politicos, the democrats, they are kind of starting to ease away a little bit. >> i have a few things that i can say in songs. much intelligence can be invested in ignorance when the need for illusion is deep. they need to keep up the illusion that this man and white house in this philosophy is doing the right thing, and they are beginning to kind of save sinking ship. >> a real good personality. gerri: a big announcement coming from the tsa this week. not just the brand-new uniform. airline passengers will be allowed to carry knives on the plane. i am not kidding you. granted they have to be small knives, but still, baseball bats, golf clubs and oth
Mar 6, 2013 6:00am EST
're required to do by law now plus ongoing health care costs. you combine that plus the infrastructure changes we're making and we will be back on financial footing. >> is there an argument, a number of industries come out and said, look, this will hurt business, this will hurt the economy and hurt delivery by not having it on saturday. have you heard any compelling argume argument? >> we make this move. as part of that, we heard a lot from customers. the main thing we heard was this. deliver my packages on saturday. people want medicine, they want what they buy from ebay and amazon and their packages. we're proposing keep the post offices open, mailbox, put po box, you'll get your mail. we'll deliver packages and our network will run. anything in the system will run. what we'll eliminate is delivery. it will save us $2 billion and customers have said we're fine with that. we had sur swra veys done after 80% said we're fine for that. and when the choice is cut saturday delivery or ask for a tax bailout, it goes up to 90%. >> is there anything in washington to help you raise revenue in other wa
Mar 6, 2013 9:00am EST
's law. they got you good, steve. >> yeah, they did. we're all laughing about it, aren't we. >> it's okay. it's just an international audience of viewers, millions around the world. let's get the road map for the next hour. dow hitting an all-time high for the next session. are new buyers really jumping in? when will the cyclicals start playing? top strategists on how to play the big bull run. >>> two firms citing growing concern over the retailer's so-called turn-around plan. is it too little too late at this point. >>> jefferies says best buy is a good buy here. we've got the analysts behind that call. >>> an exclusive interview with bp's ceo bob dudley. what does he think is next for the oil markets. >>> a new record here for the dow as we mentioned. records keep coming. importantly in today's session, new high in the transports being confirmed also by the dow. so a buy signal. let's bring in doug ramsey, director of research. art, i will start off with you. a lot of people might have missed this rally. what do you tell them? does it keep going? >> i think it does keep going. if histor
Mar 6, 2013 7:00pm EST
start looking at our tax laws. under clinton, the last time we had a balanced budget and had surpluses, that was the tax rate that was in place at that time. why can't we go back to that? on the other hand, for a more aggressive and progressive, if we were able to reduce it, get rid of some loopholes and off set credits where the tax cut has grown so inefficiently. you've talked about corporate. corporate individual. >> let me go back to this. politics. president wants to blame republicans for every bad thing, even as he puts it, this is class warfare. republicans want to hang on to $800 billion for tax cuts and that's blocking any grand design deal. your thoughts? >> he's missing the point. we worry about what racing taxes on what group of americans does. it affects everyone. you raise tax rates on the rich and it will hurt the poor. you have four merngs who work for richer americans. when you raise taxes on them, everyone else pays for it. it's that simple. so he's got it backwards. it's not that we're worried about the poor americans. >> larry, i think the facts show that wall stree
Mar 8, 2013 9:00am EST
it makes sense to go buy a house and not rent. you might want to move out of your mother-in-law's place. you might want to do these things. >> you might. you might. >> it does happen. >> goldman, lessen, about 10%. >> that's called return on equity. >> yes. it is. that's an important barometer of progress. >> i believe other than the fact that lloyd's got the beard, which -- >> he got rid of it. >> did he? he didn't have it at the super bowl. but you get m & a, you get agency business. i mean, they put up their own capital. that's a good business, too. i like this hoop so much. >> as you can see, cramer is on the job ready to help you make some money. you'll hear him next in the "mad dash." the jobs number up 236,000, gives us a boost. the jobless rate 7.7%, the lowest since december of 2008. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelit
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